This property looks like a bad Long-Term investment with a projected -20.8% first-year return on $357k initial cash invested.
-20.8%
Cash On Cash
2.59%
Cap Rate
0.38
DSCR
$5,965
Rent
-$6,196
Cashflow
Cash Flow
$5,965 income − $12,161 expenses = $6,196 out of pocket
Investment Breakdown
|
Purchase Price
$1702k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$357k
Downpayment
20%
$340k
Closing costs
1%
$17,021
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,965
Total Expenses
$12,161
Mortgage P&I
160%
$9,573
Property Taxes
7%
$426
Home Insurance
10%
$612
HOA
0%
$0
Property Management
10%
$596
CapEx
5%
$298
Vacancy
6%
$358
Maintenance
5%
$298
Other
0%
$0